Board pleased to recommend dividend @ 10%
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oriental Rail Infrastructure's Board approved a dividend of Rs. 0.10 per equity share (10% on face value of Rs. 1) for FY2026, subject to shareholder approval at the AGM. The company reported strong profit growth with consolidated net profit rising 44.6% to Rs. 4,224 Lakhs (vs Rs. 2,921.59 Lakhs in FY25), while standalone net profit grew 19.2% to Rs. 1,226.39 Lakhs. Consolidated EPS improved to Rs. 6.37 from Rs. 4.68. The company and its subsidiary (Oriental Foundry Private Limited) have orders in hand worth Rs. 1,739.80 Crore. Auditors issued an unmodified opinion on the financial results.
The dividend payout of Rs. 0.10 per share is modest relative to the stock price, given the low face value of Rs. 1. Despite strong profit growth, the actual dividend yield remains low unless the stock trades at a very low price. The robust order book and improved profitability are positive signals for future dividends.